Farmland Forecast

USDA Weekly Exports: Corn Sales Dip Below the 10 Week Average

Aug 15, 2013

Weekly U.S. net corn sales for the week ending August 8th in the 2012/2013 marketing year were reduced by 59,100 metric tons (MT), a 135% drop from the prior 10 week average. Exports were reported at 377,400 MT, up 7% from the prior four week average, going primarily to Japan, Mexico, Guatemala, and Venezuela. For the 2013/2014 marketing year week ending August 8th, net corn sales were 836,100 MT, primarily sold to unknown destinations, Mexico, and Japan.

Weekly net soybean sales decreased by 120% from the previous 10 week average with a reduction of 10,500 MT for the 2012/2013 marketing year, mainly due to decreases from unknown destinations and South Korea. Exports were up 90% from last week, at 94,100 MT, going primarily to Japan, Mexico, Vietnam, Indonesia, and Taiwan. In the 2013/2014 marketing year ending August 8th, weekly net sales were reported at 1,893,400 MT, primarily sold to China, unknown destinations, and Japan.

Weekly net sales of wheat were down 34% from the prior four week average at 490,100 MT for delivery in the 2013/2014 marketing year ending August 8th, mainly due to sales in Brazil, Sri Lanka, Nigeria, China, Japan, and Yemen. Exports of 709,900 MT went primarily to Brazil, China, Mexico, Chile, Sri Lanka, Nigeria, and South Korea.